Latest statistics on business sales from a leading business for sale website, Bizbuysell, reveal some interesting information which we have summarized below.
- Business sales are slowing down
- Small businesses continue to show good financial performance overall but Pacific region showed lower financials
- Retail industry showed the biggest drop in sales activity
- Manufacturing sector produced the most activity.
My opinion is that the market is changing or about to change over the next quarter or so. The change is from a seller’s market to either a neutral market or a buyer’s market. More and more businesses will become available as we see the baby boomers decide it is time to retire.